McGrath Limited Provides Earnings Guidance for the Fourth Quarter of 2019

McGrath Limited is an Australia-based residential real estate company. The Company is engaged in providing residential property sales, property management, residential project marketing, mortgage broking, auction services and career training. The Company’s segments include Company owned sales, Company owned property management, Franchise services, and Other services and investments. The Company owned sales segment undertakes residential property sales on behalf of property vendors through Company owned offices and agents. The Company owned property management segment directly manages residential properties on behalf of owner’s clients. The Franchise services segment manages franchise offices that undertake both property sales and property management activities. The Other services and investments segment has several other services and investments, which complement the service offerings of the segments. Its services include projects, new land estates, rural and livestock and home loans.